Posted by Mark Brousseau
A bumper sticker popular in West Texas during the oil bust of the early 1980s went something like this, “Please God, just give me one more boom—I promise not to blow it this time.”
Today, millions of people around the world may be having similar thoughts.
In his book to be published in November, Jack W. Plunkett, a widely followed analyst of global trends, writes that massive changes in America and around the world will bring on a sustained period of economic growth. In The Next Boom, he argues that we are on the verge of developments that will boost job creation, investment and international trade over what he calls the “near future,” from 2013-2025.
“The next boom is already rolling down the tracks in the emerging world,” Plunkett says. “America will get on board shortly.”
The book is subtitled, “What you absolutely, positively have to know between now and 2025,” because Plunkett believes that managers, investors, entrepreneurs and leaders need to understand the changes that will soon occur in order to perform effectively. He presents a panorama of developments in areas including energy, healthcare, education, demographics, global trade, technologies and the rapidly-growing global middle class—showing how trends in America and around the world have tremendous synergy that will lead to a surge in business.
Plunkett, who describes himself as a “pragmatic optimist,” explains that “the coming boom will be supported by three building blocks. First, consumers in America are building savings and becoming financially prudent, while population growth is expanding markets for businesses. Next, global trade is about to enter an evolved, vastly higher level while the middle classes in emerging nations are soaring. Third, advanced technologies will boost the global economy in an unprecedented manner that will make the last technology boom seem tame.”
What do you think?
Showing posts with label technology. Show all posts
Showing posts with label technology. Show all posts
Wednesday, October 20, 2010
Tuesday, November 3, 2009
Customers Drive Product Innovation
Posted by Mark Brousseau
Customers and in-house R&D teams are now the leading source of innovation for U.S. businesses, while globally customers are an organization's best source of innovation, according to new research from Grant Thornton International Ltd. When asked to name the origin of the best innovation ideas, U.S. business owners named customers (37%) and in house R&D teams (37%) as their leading sources of innovations followed by heads of business units (34%) and employees (32%). Globally, 41 percent of businesses say that customers are their leading source for innovation.
"In recent history the tech boom and the creation of internet social networking sites brought innovation and entrepreneurship into every American home," said Harris Smith, Grant Thornton LLP's managing partner for Private Equity and the Audit practice leader of the firm's Southern California offices. "Without entrepreneurs and innovation, America couldn't thrive."
Regionally the report reveals that in Asia Pacific customer focus is a particular source of innovative ideas and products with nearly half of businesses (48%) citing customers as the source of the best innovative ideas, compared with 40 percent in Western Europe and 35 percent in North America.
In addition, more than three in four businesses globally (78%) believe that the U.S. is the easiest country to create innovative products, services and business. The U.S. is the clear leader in this, with the next highest countries being China (22%), India (22%) and the U.K. (21%). Regionally, the U.S. is also seen as the leading country with 77 percent of Asian-Pacific businesses, 84 percent of North American businesses and 71 percent of European businesses saying it is the easiest country to create innovative products, services and business in.
"With the history of innovation in the U.S. spanning from the country's earliest beginnings, it's not hard to understand why businesses around the globe see America as the land of innovation," said Smith.
Customers and in-house R&D teams are now the leading source of innovation for U.S. businesses, while globally customers are an organization's best source of innovation, according to new research from Grant Thornton International Ltd. When asked to name the origin of the best innovation ideas, U.S. business owners named customers (37%) and in house R&D teams (37%) as their leading sources of innovations followed by heads of business units (34%) and employees (32%). Globally, 41 percent of businesses say that customers are their leading source for innovation.
"In recent history the tech boom and the creation of internet social networking sites brought innovation and entrepreneurship into every American home," said Harris Smith, Grant Thornton LLP's managing partner for Private Equity and the Audit practice leader of the firm's Southern California offices. "Without entrepreneurs and innovation, America couldn't thrive."
Regionally the report reveals that in Asia Pacific customer focus is a particular source of innovative ideas and products with nearly half of businesses (48%) citing customers as the source of the best innovative ideas, compared with 40 percent in Western Europe and 35 percent in North America.
In addition, more than three in four businesses globally (78%) believe that the U.S. is the easiest country to create innovative products, services and business. The U.S. is the clear leader in this, with the next highest countries being China (22%), India (22%) and the U.K. (21%). Regionally, the U.S. is also seen as the leading country with 77 percent of Asian-Pacific businesses, 84 percent of North American businesses and 71 percent of European businesses saying it is the easiest country to create innovative products, services and business in.
"With the history of innovation in the U.S. spanning from the country's earliest beginnings, it's not hard to understand why businesses around the globe see America as the land of innovation," said Smith.
Tuesday, October 14, 2008
The Economy and Insurance Industry IT Spending
Posted by Mark Brousseau
A tidal wave of bad news has swept Wall Street and Main Street, and debris is coming ashore across the globe. This crisis is sure to affect insurers the world over for years to come.
Celent LLC believes that the unprecedented breadth and intensity of issues currently facing the insurance industry will severely constrain future growth but also provide an opportunity for carriers that position themselves correctly.
“The world has changed, but not ended,” said Donald Light, senior analyst with Celent’s insurance practice and coauthor of the report. “Insurers, their technology groups, and technology vendors need to recognize this change and adapt to it.”
“Adapting includes an examination of implementation plans and budgets with an eye toward short-term, tactical payback,” said Mike Fitzgerald, senior analyst with Celent’s insurance practice and coauthor of the report.
How has the economic crisis affected your organization’s IT spending?
Post your comments below.
A tidal wave of bad news has swept Wall Street and Main Street, and debris is coming ashore across the globe. This crisis is sure to affect insurers the world over for years to come.
Celent LLC believes that the unprecedented breadth and intensity of issues currently facing the insurance industry will severely constrain future growth but also provide an opportunity for carriers that position themselves correctly.
“The world has changed, but not ended,” said Donald Light, senior analyst with Celent’s insurance practice and coauthor of the report. “Insurers, their technology groups, and technology vendors need to recognize this change and adapt to it.”
“Adapting includes an examination of implementation plans and budgets with an eye toward short-term, tactical payback,” said Mike Fitzgerald, senior analyst with Celent’s insurance practice and coauthor of the report.
How has the economic crisis affected your organization’s IT spending?
Post your comments below.
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